Russell Investments Group Ltd. Buys New Position in Bilibili Inc. Sponsored ADR $BILI

Key Points

• Russell Investments Group Ltd. has acquired a new stake in Bilibili Inc., purchasing 1,398,458 shares worth approximately $26.7 million, which accounted for about 0.34% of the company.
• Several other hedge funds have also increased their positions in Bilibili, with institutional investors currently owning 16.08% of the company's stock.
• Analysts have varied opinions on Bilibili's stock, with ratings ranging from "strong buy" to "hold," and an average price target of $23.81.

Russell Investments Group Ltd. acquired a new stake in Bilibili Inc. Sponsored ADR (NASDAQ:BILI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,398,458 shares of the company's stock, valued at approximately $26,725,000. Russell Investments Group Ltd. owned 0.34% of Bilibili as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Bilibili in the 1st quarter valued at approximately $1,033,000. Rovida Investment Management Ltd acquired a new stake in shares of Bilibili during the first quarter worth $1,911,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Bilibili by 2.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,547,057 shares of the company's stock worth $29,564,000 after buying an additional 42,914 shares during the period. XY Capital Ltd acquired a new stake in shares of Bilibili during the first quarter worth $11,409,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Bilibili by 40.5% during the first quarter. PNC Financial Services Group Inc. now owns 9,279 shares of the company's stock worth $177,000 after buying an additional 2,676 shares during the period. Institutional investors own 16.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BILI. Sanford C. Bernstein began coverage on shares of Bilibili in a report on Tuesday, July 8th. They set an "outperform" rating and a $28.00 price objective for the company. Wall Street Zen lowered shares of Bilibili from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Hsbc Global Res raised shares of Bilibili to a "strong-buy" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. lowered shares of Bilibili from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $21.00 to $24.00 in a report on Monday, July 28th. Finally, HSBC reiterated a "buy" rating on shares of Bilibili in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $23.81.

Bilibili Price Performance

Shares of BILI stock traded down $0.0710 on Wednesday, reaching $24.9990. The company's stock had a trading volume of 1,876,824 shares, compared to its average volume of 4,896,047. Bilibili Inc. Sponsored ADR has a 1 year low of $12.72 and a 1 year high of $31.77. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of -125.00 and a beta of 0.94. The stock's fifty day simple moving average is $22.43 and its 200-day simple moving average is $20.11. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.